The adoption of cloud services, use of connected virtual devices, and integration of mobile devices with network services & Wi-Fi are some of the prominent factors behind the optical network hardware market growth. Rise in demand of data centers and increase in adoption of fiber optic cables in organizations is driving the growth of optical network hardware market.
An increase in demand of high bandwidth services, adoption of IoT technology, and usage of internet for personal and commercial purpose by end users are also boosting the optical network hardware market growth. Also, advancement in optical network technologies such as reconfigurable optical drop/add multiplexers (ROADM) and wavelength-division multiplexing are driving the growth of optical network hardware market.
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Currently, many applications have transformed from function specific dedicated hardware platforms to virtualized services deployed over cloud data centres that is increasing the demand for the optical network hardware market. However, lack of Infrastructure and high cost of transition & maintenance is hindering the growth of global optical network hardware market.
Contrarily, increasing penetration of internet services, increase in investments for R&D activities in optical network market, and growth of big data analytics are expected to drive the growth of optical network hardware market in the forecasted years.
Reconfigurable optical drop/add multiplexers (ROADM) fit in perfectly with the growing demand of consumers for connections that are highly scalable, software-enabled, and more automated. The optical networking technology speeds up service provisioning and enhance network and service availability using software control.
Moreover, ROADMs curb the need for performing cost-intensive optical-electronic-optical (OEO) conversion within the network, thus, reducing capital costs for the organizations driving the demand of optical network hardware market in the forecasted years.
Wavelength-division multiplexing helps in integrating multiple number of optical fiber carrier signals into a single fiber optic cable by using different wavelengths of light. It provides multiple wavelengths in a single fiber cable.
For organizations, it delivers benefits like full duplex transmission, similar optical network hardware components, and also provides high security, driving its demand in the market. The multiplexing offers an additional benefit of higher bandwidth through achieving the high-speed internet across the optical fiber channel spread across area.
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Key benefits of the report:
- This study presents the analytical depiction of the global optical network hardware industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global optical network hardware market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global optical network hardware market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides detailed global optical network hardware market analysis based on competitive intensity and how the competition will take shape in coming years.
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